BY ELECTRONIC LODGEMENT

Transcription

1 Dominic D Smith Vice President & Company Secretary Aurizon Holdings Limited ABN T F E CompanySecretary@aurizon.com.au W aurizon.com.au Level 17, 175 Eagle Street Brisbane QLD 4000 GPO Box 456 Brisbane QLD 4001 ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW November 2014 BY ELECTRONIC LODGEMENT Aurizon Capital Management Initiative Please find attached announcement for immediate release to the market. Yours faithfully Dominic D Smith VP & Company Secretary

2 11 November 2014 Capital Management Initiative Aurizon Holdings Limited ("Aurizon") today announced the intention to undertake an on-market buy-back of up to 5% of its issued share capital (107 million shares). Lance Hockridge, Aurizon Managing Director & CEO, said "The buy-back reflects Aurizon's strong balance sheet and highlights our ability to return capital to shareholders, while also maintaining the flexibility to fund appropriate growth projects and our commitment to our current BBB+/Baa1 credit ratings." The buy-back will commence no earlier than 14 days after the date of this announcement and end no later than 12 months from the date of this announcement. The timing and actual number of shares purchased under the buy-back will depend on the prevailing share price, business and market conditions and other considerations, and all shares purchased under the buy-back will be cancelled. An Appendix 3C in respect of the buy-back is attached to this announcement. Aurizon reserves the right to suspend or terminate the buy-back at any time and there is no guarantee that Aurizon will repurchase the full 107 million shares referred to above. The impact of this buy-back will be excluded from the calculation of EPS for management remuneration. Ends For more information: John Knowles - INVESTORS Mark Hairsine - MEDIA

3 Appendix 3C Rule 3.8A (except minimum holding buy-back) Information and documents given to ASX become ASX s property and may be made public. Introduced 1/9/99. Origin: Appendix 7B. Amended 13/3/2000, 30/9/2001, 11/01/10 Name of entity ABN/ARSN AURIZON HOLDINGS LIMITED We (the entity) give ASX the following information. Information about buy-back 1 Type of buy-back On-market buy-back (within 10/12 limit) 2 + Class of shares/units which is the subject of the buy-back (eg, ordinary/preference) Ordinary shares 3 Voting rights (eg, one for one) One for one 4 Fully paid/partly paid (and if partly paid, details of how much has been paid and how much is outstanding) Fully paid 5 Number of shares/units in the + class on issue 2,137,284,503 6 Whether shareholder/unitholder approval is required for buy-back Not required (within 10/12 limit) 7 Reason for buy-back Ongoing capital management 11/01/2010 Appendix 3C Page 1

4 8 Any other information material to a shareholder s/unitholder s decision whether to accept the offer (eg, details of any proposed takeover bid) Nil On-market buy-back 9 Name of broker who will act on the company s behalf UBS AG, Australia Branch 10 Deleted 30/9/ If the company/trust intends to buy back a maximum number of shares - that number Up to a maximum of 107,000,000 Note: This requires a figure to be included, not a percentage. 12 If the company/trust intends to buy back shares/units within a period of time - that period of time; if the company/trust intends that the buy-back be of unlimited duration - that intention 12 month duration from 27 November 2014 to 26 November If the company/trust intends to buy back shares/units if conditions are met - those conditions The Company will only buy back shares at such times and in such circumstances as are considered beneficial to the efficient capital management of the Company. Employee share scheme buy-back 14 Number of shares proposed to be bought back 15 Price to be offered for shares Appendix 3C Page 2 11/01/2010

5 Selective buy-back 16 Name of person or description of class of person whose shares are proposed to be bought back 17 Number of shares proposed to be bought back 18 Price to be offered for shares Equal access scheme 19 Percentage of shares proposed to be bought back 20 Total number of shares proposed to be bought back if all offers are accepted 21 Price to be offered for shares 22 + Record date for participation in offer Cross reference: Appendix 7A, clause 9. Compliance statement 1. The company is in compliance with all Corporations Act requirements relevant to this buy-back. or, for trusts only: 1. The trust is in compliance with all requirements of the Corporations Act as modified by Class Order 07/422, and of the trust s constitution, relevant to this buy-back. 2. There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form. Sign here: Date: 11 November 2014 Company Secretary Print name: Dominic Smith 11/01/2010 Appendix 3C Page 3